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Below is an in-depth analysis and side-by-side comparison of Office Evolution vs Above the Standard including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $60,825 - $1,485,150 | $61,400 - $73,900 |
Franchise Fee | $45,000 | $49,900 |
Royalty Fee | 7.5% | 15% |
Advertising Fee | 3% | - |
Year Founded | 2003 | 1981 |
Year Franchised | 2013 | 2010 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/Yes | -/- |
Start-up Costs | -/Yes | -/- |
Equipment | -/Yes | -/- |
Inventory | -/Yes | -/- |
Receivables | -/Yes | -/- |
Payroll | -/Yes | -/- |
Training & Support |
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Training | We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours | - |
Support | Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | - |
Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing | - |
Operations | Absentee Ownership Allowed Number of Employees Required to Run: 1 | Franchise can be run from home. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators). |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | Yes | - |
International Expansion | - | - |
*Procurement/sourcing expertise *Purchasing and management staff training *Procurement outsourcing for all or part of your purchasing department *Finance and Administrative Services *Business growth *Reduce costs and increase quality *Centralize procurement *Provide needed products or services *Build new markets in your company *Provide Just-In-Time Inventory (JIT) *Increase supply chain efficiency *Retain best value and remain competitive *Compliance *Supplier performance improvement *Support day-to-day buying activity *Policy/Procedure creation, implementation, validation *Transaction automation and processing *Bring focus to core competencies. *Develop strong end-user to provider relationship *Lower procurement related labor costs *Improve overall procurement performance *Provide greater control, reporting, and supplier compliance *Organization and internal cost performance *Data for benchmark analysis, goals, and results *Procurement personnel training *Procurement department creation and implementation